Labor EconomicsSyllabus

Subject code

İF-2616y

Credits

4

Student workload

60

Semester

Spring semester

Academic year

2025-2026

Subject type

Mandatory

Form of education

Full-time

Language of instruction

English

In-class hours

Of these, 30 hours are assigned to lectures and 30 hours to practical classes.

Out-of-class hours

For the teaching of the subject “Labor Economics”, 60 classroom hours are allocated

For the teaching of the subject “Labor Economics”, 60 classroom hours are allocated. Of these, 30 hours are assigned to lectures and 30 hours to practical classes. The students’ independent work amounts to 60 hours. This includes the completion and submission of independent tasks, preparation for lectures, seminars, and colloquiums. Students are given 1 to 5 independent tasks, or one task is assigned to a group of 2–5 students. Each independent task is evaluated with 1–10 points, and in total accounts for 10 points during the semester. If necessary, students may be given one more extensive and research-oriented independent task, which is also evaluated on a 10-point scale. At the end of the semester, student performance in the subject is evaluated as follows: attendance – 10 points, practical classes and colloquiums – 30 points, independent tasks – 10 points. The remaining 50 points are determined by the exam. Teaching of the subject concludes with an exam. The education program allocates 6 credits for this course.

• lecture
• seminar
• case study
• presentations
• interactive discussion

No learning outcomes have been added.

1. 1.
   The concept of labor and labor resources.Lecture

   Labor as an economic category. labor as a factor of production. psycho-physiological foundations of labor. the human model. types of laboratory. characteristics of labor. functions of laboratory. forms of labor. quality of labor and its reduction. division of labor and labor cooperation. mental lab and physical lab. principles of labor activity. labor resources. workforce (labor force). labor potential.

2. 2.
   Labor resources and their utilization.Lecture

   Reproduction of laboratory resources. economically active and economically inactive population. forecasting of labor resources. management of labor resources. allocation (distribution) of labor resources. management of labor resources. demographic policy. demographic security. population migration. types of migration. forms of migration. causes of migration. the impact of migration processes on the reproduction of labor resources.

3. 3.
   Human capital and the labor market.Lecture

   Personnel policy in the modern era. human capital. human capital as a new economic form of the labor factor. the problem of young people's career choice. workforce (personnel) marketing. basic concepts of the labor market. characteristics of the labor market. functions of the labor market. segments of the labor market. demand and supply in the labor market. objects and subjects of the labor market. types of labor markets. principles of labor market functioning. models of the labor market. flexibility of the labor market. regulation of the labor market.

4. 4.
   The socio-economic essence of the workforce and employment.Lecture

   Analysis of the workforce. education and specialization of the workforce. regional characteristics of the workforce. employment problems of the workforce. state policy on employment. structure of employment. principles of population employment. hidden forms of employment. scientific and technological progress and the redistribution of the workforce. jobs and their value. job fair. labor exchange (employment exchange). unemployment and its forms. criteria for the unemployment rate.

5. 5.
   Population incomes and social welfare.Lecture

   Income and wages. non-labor incomes. formation and distribution of incomes. population expenditures and their structure. standard of living of the population. population needs and their satisfaction. income inequality among the population. family economics. family budget: incomes and expenditures. labor relations. rights and duties of employees. social protection and labor legislation. social insurance and social security systems.

6. 6.
   The essence of wages, real wages, and real income.Lecture

   The socio-economic essence of wages. basic principles of wage organization. nominal and real wages. real wage index. minimum wage. the essence of wages. main functions of wages. organization of wages and its basic principles. forms and types of wages. elements of remuneration. wage determination. classification of the wage fund. planning of the remuneration (wage) fund. laboratory standardization. tariff system.

7. 7.
   The structure of wages in an enterprise.Lecture

   Basic and additional wages. calculation of wages. gross and net wages. piece-rate wage system. time-based wage system. fixed wages. hourly wages. progressive wages. tariff salaries. bonuses and incentives. tariff wage system. tariff scale. direct and indirect wage systems. accord (task-based) piece-rate wages. wages of managers, specialists, and employees.

8. 8.
   The essence and functions of labor stimulation.Lecture

   Stimulation as an important factor of labor activity. organization of labor stimulation. types of stimulation. material and moral incentives. improvement of employees' skills. the impact of increasing employees' knowledge on productivity. requirements for the organization of stimulation. the incentive effect of wages. modern approaches to labor stimulation in enterprises.

9. 9.
   Labor productivity and the factors affecting it.Lecture

   Indicators of labor productivity. forms of labor productivity. individual and social productivity. factors influencing labor productivity. measurement of labor productivity. ways to increase labor productivity. efficient use of resources. productive power of labor and labor intensity. the impact of scientific and technological progress on labor productivity. technology and innovations. digital tools and software. employees' knowledge and skills.

10. 10.
    Employees' adaptation to work in an enterprise.Lecture

    Employees' labor behavior in an enterprise. economic behavior in labor activity. the essence and types of work adaptation. factors of work adaptation. level of work adaptation. types of work adaptation. stages of work adaptation. proper selection of employees. forms of labor behavior. the adaptation process in work adjustment. improvement of the physical and psychological environment. workplace. employee training and development process. management of the work adaptation process.

11. 11.
    Main directions of personnel management in an enterprise.Lecture

    Composition and structure of employees in an enterprise. employees' education level, knowledge, and skills. social environment. creation of a healthy work environment. motivation and support provided to employees. management methods. level of labor discipline. increasing employee motivation. integration. establishing cooperation and teamwork among employees. impact of employees' personal achievements on productivity. internal rules and regulations of the enterprise. monitoring the state of labor discipline.

12. 12.
    Employees' working hours, labor regime, and rest.Lecture

    Working time norms according to labor legislation. regulation of working hours. standard working hours. time-based and piece-rate working hours. flexible working hours. night shifts and overtime. full-time and shortened workdays. shift work regime. rest days. vacation days. official holidays. working conditions of employees. protection of employees' health. protection of employees' rights. duties of employees. compliance with labor legislation. comfortable and motivating work environment. activities of the trade union committee in the enterprise. cultural and moral rest of employees. social oversight in enterprises.

13. 13.
    Motivation of labor activity.Lecture

    Needs and labor activity. increasing employee motivation. the role of motivation in the labor activity process. a. maslow's theory of motivation. functions of motivation. motive and motivation. management of labor motivation. employees' material motivation. wages and employee rewards. social benefits and insurance. employees' moral (non-material) motivation. recognition and appreciation of employees' achievements. cooperation and teamwork. development and career opportunities.

14. 14.
    Basic principles of labor organization.Lecture

    The essence and content of labor organization. organization of workplaces. division of labor and labor cooperation in the enterprise. basic principles of labor organization. management style in the enterprise. scientific organization of laboratory. tasks and directions of scientific laboratory organization. training and specialization of employees. the impact of new equipment and technologies on scientific laboratory organization. automation and robotization.

1. 1. guliyev, t.a. (1998). sociology of labor. baku: maarif. 2. mammadov, f.a., musayev, a.f., & others. (n.d.). theoretical and methodological foundations of taxation. 3. mehbaliyev, s., & iskanderov, r. (2002). labor market and social protection of the population. baku. 4. alirzayev, a.q. (1997). economic and social management: market economy, methodological principles, regularities. baku. 5. aliyeva, l. (2011). insurance system in azerbaijan: as a multiplier effect on economic and social processes. baku: qanun publishing. 6. aliyev, a., & guliyev, a. (2005). economic and methodological foundations of the social sphere. baku. 7. adamchuk, v.v., kokin, yu.p., & yakovlev, r.a. (1999). labor economics. moscow: finstat-inform. 8. babich, a.m., egorov, e.v., & zhiltsov, e.n. (1998). economics of social insurance: lecture course (chapters i, iii, iv). moscow: teis. 9. volgina, n.a. (ed.). (2009). income and wages: issues of formation, distribution, and regulation. moscow: rags. 10. jlevashov, b.h. (2000). social policy of income and wages. moscow. 11. abakumova, n.n. (1999). income and wage policy. moscow: NGAE and u. 12. voishnkova, g. (1993). basic principles of setting minimum wages in world practice. society and economy, (6).